微信扫一扫
实时资讯全掌握
During the audit of transactions around the year end of Major Co the auditor finds numerous alterations which include post-date suppliers' invoices, with the result that they are not included in accounts payable. The auditor also discovers that several copy sales invoices have been ante-dated and included in sales for the year and figures on physical inventory records have been altered. This combination of circumstances is most likely to indicate: A. Management fraud, designed to improve declared profits for the year under review. B. Fraud involving collaboration of employees with suppliers to extract payments for goods not ordered or received, with inventory and sales records being manipulated to cover resulting inventory deficits. C. Teeming and lading, using subsequent transactions and manipulation of records to cover the misappropriation of assets. D. Cut-off adjustments to take account of goods received and despatched during the inventory-count and not recorded as such. |